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7.0¢ invictus energy ltd

They haven'y run evaluations on any of the targets yet. Sounds...

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johnkovacc

1,002 Posts.

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17/10/22

15:51

Post #: 64238066
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Originally posted by SugeKnight: ↑

Also just to add to the above

If you refer to page 4 of the response to the ASX price query

It shows that drilling hasn't reached the first target yet (remember there are 7 stacked targets in this first drill)

On the 5th of October they stated they reached approx 593m depth.

If you refer to page 4 of the response to the ASX price query, the graph shows they've gotten close to the first target (around 800m depth)

But lets say hypothetically there was a leak and they're covering it up - then the first target (850m depth / 1.9TCF) didnt hit gas
But there's still another 6 targets they have yet to reach, being:

1200m depth / 4.5TCF.
1800m depth / 4.5TCF.
2300m depth / 2.5TCF.
2700m depth / 4.1TCF.
3500m depth / 2.6TCF

Expand

They haven'y run evaluations on any of the targets yet. Sounds like they are still yet to drill through to the 3rd target and haven't started casing yet either. All of this needs to be done before the wireline.

Again gut feel, but seems like next week might be when we hear some news?

Last edited by johnkovacc: 17/10/22

IVZ Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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Last 7.0¢		Change -0.001(1.41%)		Mkt cap ! $106.1M

Open	High	Low	Value	Volume
7.0¢	7.1¢	7.0¢	$96.07K	1.372M

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No.	Vol.	Price($)
2	159573	7.0¢

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Price($)	Vol.	No.
7.1¢	74037	2

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No.	Vol.	Price($)
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5	122526	0.069
3	234705	0.068
2	137666	0.067
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Price($)	Vol.	No.
0.071	74037	2
0.072	820138	7
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0.074	852617	5
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